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Tex. Insurance Code § 1601.057

SELECTION OF BIDS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1601.057, SELECTION OF BIDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683234
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(a) A system is not required to select the lowest bid under Section 1601.054 but shall take into consideration other relevant criteria, such as ability to service contracts, past experience, and financial stability. (b) If a system selects a carrier whose bid differs from that advertised, the governing board of the system shall fully justify and record the reasons for the deviation in the minutes of the next meeting of the governing board.